Almost 21,000 engines were produced, with a number also being built in Europe under licence. At least three Bristol Mercuries remain airworthy in 2010, with other preserved examples on public display in aviation museums.

With the widespread introduction of superchargers to the aviation industry in order to improve altitude performance, Fedden felt it was reasonable to use a small amount of boost at all times in order to improve performance of an otherwise smaller engine. Instead of designing an entirely new block, the existing Jupiter parts were re-used with the stroke reduced by one inch (25 mm). The smaller capacity engine was then boosted back to Jupiter power levels, while running at higher rpm and thus requiring a reduction gear for the propeller. The same techniques were applied to the original Jupiter-sized engine to produce the Pegasus.

The Mercury's smaller size was aimed at fighter use and it powered the Gloster Gauntlet and its successor, the Gloster Gladiator. It was intended that the larger Pegasus would be for bombers but as the power ratings of both engines rose, the Mercury found itself being used in almost all roles. Perhaps its most famous use was in a twin-engine light bomber, the Bristol Blenheim.

In 1938 Roy Fedden pressed the Air Ministry to import supplies of 100 octane aviation spirit (gasoline) from the USA. This new fuel would allow aero engines to run at higher compression ratios and supercharger boost pressure than the existing 87-octane fuel, thus increasing the power. The Mercury XV was one of the first British aero engines to be type-tested and cleared to use the 100-octane fuel in 1939. This engine was capable of running with a boost pressure of +9 lbs/sq.in and was first used in the Blenheim Mk IV.[1]

The Mercury was also the first British aero engine to be approved for use with variable-pitch propellers.

The Bristol company and its shadow factories produced 20,700 examples of the engine.[2] Outside the United Kingdom, Mercury was licence-built in Poland and used in their PZL P.11 fighters. It was also built by NOHAB in Sweden and used in the Swedish Gloster Gladiator fighters and in the Saab 17 dive-bomber. In Italy, it was built by Alfa Romeo as the Mercurius. In Czechoslovakia it was built by Walter Engines. In Finland, it was built by Tampella and mainly used on Bristol Blenheim bombers.